UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No._______)*
Financial Trust Corp
(Name of Issuer)
Common Stock ($5.00 Par Value)
(Title of Class of Securities)
317903102
(CUSIP Number)
Jane F. Burke (717) 240-4504
Financial Trust Services Company
1 West High Street
Carlisle, Pennsylvania 17013
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
October 2, 1995
(Date of Event which Requires Filing of this Statement)
If the filing person has perviously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(b)(3) or (4), check the following box ___.
Check the following box if a fee is being paid with the statement X . (A fee is
not required only if the reporting person: (1) has a previous statement on file
reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7.)
Note: Six copies of this statement, including all exhibits, should be filed with
the Commission. See Rule 13d-1(a) for other parties to whom copies are to be
sent.
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
<PAGE>
SCHEDULE 13D
CUSIP No. 317903102 Page 2 of 6 Pages
1. Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Financial Trust Services Company
EIN 25-1767611
2. Check the appropriate box if a member of A Group*
(b)
3. SEC USE ONLY
4. Source of Funds
N/A
5. Check box if disclosure of legal proceedings is required
pursuant to items 2(d) or 2(E)
N/A
6. Citizenship or Place of Organization
Pennsylvania
Number of shares beneficially owned by each reporting person with:
7. Sole Voting Power
556,499.2181
8. Shared Voting Power
109,923.6243
9. Sole Dispositive Power
480,144.9584
10. Shared Dispositive Power
157,562.2597
11. Aggregate Amount Beneficially Owned by Each Reporting Person
666,422.8424
12. Check Box if the Aggregate Amount in Row 11 Excludes Certain
Shares*
N/A
13. Percent of Class Represented by Amount in Row 11
8.6%
14. Type of Reporting Person*
CO
Item 1. Security and Issuer
This statement relates to the Common Stock ($5.00 par value) (the "Common
Stock") of Financial Trust Corp (the "Corporation"), a business corporation
organized and existing under the laws of the Commonwealth of Pennsylvania, with
its principal executive offices at 1415 Ritner Highway, Carlisle, Pennsylvania
17013.
Item 2. Identity and Background
This statement is filed by Financial Trust Services Company ("FTSC"), a
Pennsylvania business corporation with its principal business address and
principal office at 1415 Ritner Highway, Carlisle, Pennsylvania 17013. The
principal business of FTSC is as a trust subsidiary of the Corporation. FTSC has
not been convicted in a criminal proceeding (excluding traffic violations or
similar misdemeanors) during the last five years. FTSC has not during the last
five years been a party to a civil proceeding of a judicial or administrative
body of competent jurisdiction as a result of which it has been or is subject to
a judgment, decree or final order enjoining future violations of, or prohibiting
or mandating activities subject to, federal or state securities laws, or finding
any violation with respect to such laws.
Item 3. Source and Amount of Funds or Other Consideration
Not applicable. FTSC holds all of the shares in a fiduciary capacity, none
of which have been purchased by it.
Item 4. Purpose of Transaction
FTSC was incorporated by the Corporation as its wholly-owned subsidiary for
the purpose of becoming successor fiduciary to bank subsidiaries of the
Corporation, thereby consolidating in one entity all shares of the Corporation
previously held by such subsidiary banks in a fiduciary capacity. All
transactions have been in furtherance of that purpose.
Item 5. Interest in Securities of the Issuer
(a) FTSC owns beneficially 666,422.8424 shares of the
Common Stock, which constitutes 8.6% of that class of
securities.
(b) (1) Number of shares as to which FTSC has
sole power to vote or to direct the vote: 556,499.2181.
(2) Number of shares as to which FTSC has shared power
to vote or to direct the vote: 109,923.6243
(3) Number of shares as to which FTSC has sole power to dispose
or direct the disposition: 480,144.9584
(4) Number of shares as to which FTSC has shared power to dispose or
direct the disposition: 157,562.2597
(c) FTSC has effected no transactions during the past sixty days in the
Common Stock ($5.00 Par Value) of Financial Trust Corp.
(d) Other persons are known to have the right to receive or the power to
direct the receipt of dividends from, or the proceeds from the sale of, such
securities, but the interest of no single such person relates to more than 5% of
the Common Stock.
(e) Not applicable.
Item 6. Contracts, Arrangements, Understandings, or Relationships With
Respect to Securities of the Issuer
FTSC, in its capacity as fiduciary, is a party to various agreements
concerning trusts, estates, and agency accounts which beneficially own the
shares as to which it serves in a fiduciary capacity.
Item 7. Material To Be Filed as Exhibits
None. The various agreements for the fiduciary accounts contain standard
provisions for voting and transfer of shares as to which FTSC has or shares
voting and/or investment power.
The filing of this Schedule 13D shall not be construed as an admission that
Financial Trust Services Company is, for the purposes of Section 13(d) or 13(g)
of the Securities Exchange Act of 1934, the beneficial owner of any of the
securities covered hereby.
Signature
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
July 11 , 1996
FINANCIAL TRUST SERVICES COMPANY
By__/s/ Jane F.Burke___________________
Name: Jane F. Burke
Title: Senior Vice-President and Trust Officer
